Bank of Israel Governor Karnit Flug speaks during a news conference in Jerusalem March 31, 2014. Flug said the government will need tax hikes and spending reductions of 20 billion shekels ($5.7 ... more 
Bank of Israel Governor Karnit Flug speaks during a news conference in Jerusalem March 31, 2014. Flug said the government will need tax hikes and spending reductions of 20 billion shekels ($5.7 billion) to meet next year's budget deficit target. REUTERS/Baz Ratner (JERUSALEM - Tags: BUSINESS) less 
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Reuters | Photo By BAZ RATNER / REUTERS
Mon, Mar 31, 2014 6:47 AM EDT